TL;DR - there is no reason to expect the bear trend is over.
Price remains below EMA, with EMA rejecting every attempt.
All recent bullish moves have been met with many sellers (note the extreme volume on relatively small bullish candles).
Price remains in the bearish channel established at the beginning of April.
Next level of support below the pre-Covid peak is at 18. Given the speed at which price moved through this area in Feb-Apr 2020, a medium range target of $18 is not unreasonable.
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